The First Kodak Digital Camera

nowhereman · 08-25-2015, 07:47 AM

We had some Kodak processors in our lab. Service tech comes in, not long after a new CEO took over at EK and says "things are changing and not for the better". Turns out, in his "hi, i'm the new guy" letter to the employees, the words "shareholder satisfaction" (or something to that effect) figured prominently. Within a year or so, major layoffs, selling of of business units etc had begun. Heard a rumor from a former EK person that when the CEO hired in, if he got the stock price up to X he could cash out (which he did, and he did). They could have ruled the digital world and look at them now.

08-25-2015, 07:47 AM	#3
nowhereman sliding down the razor blade of life Join Date: Jan 2007 Location: just over the edge Posts: 228	We had some Kodak processors in our lab. Service tech comes in, not long after a new CEO took over at EK and says "things are changing and not for the better". Turns out, in his "hi, i'm the new guy" letter to the employees, the words "shareholder satisfaction" (or something to that effect) figured prominently. Within a year or so, major layoffs, selling of of business units etc had begun. Heard a rumor from a former EK person that when the CEO hired in, if he got the stock price up to X he could cash out (which he did, and he did). They could have ruled the digital world and look at them now.

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